Allspring Global Investments Holdings LLC Has $2.22 Million Holdings in Nutanix (NASDAQ:NTNX)

Allspring Global Investments Holdings LLC lessened its holdings in Nutanix (NASDAQ:NTNX - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,762 shares of the technology company's stock after selling 4,035 shares during the period. Allspring Global Investments Holdings LLC's holdings in Nutanix were worth $2,217,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in Nutanix by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,442,805 shares of the technology company's stock worth $88,271,000 after acquiring an additional 33,980 shares during the period. LPL Financial LLC raised its holdings in Nutanix by 4.8% in the 4th quarter. LPL Financial LLC now owns 71,732 shares of the technology company's stock worth $4,389,000 after acquiring an additional 3,276 shares during the period. HighTower Advisors LLC bought a new position in Nutanix in the 4th quarter worth $234,000. Assenagon Asset Management S.A. raised its holdings in Nutanix by 69.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 39,873 shares of the technology company's stock worth $2,784,000 after acquiring an additional 16,374 shares during the period. Finally, Norges Bank bought a new position in Nutanix in the 4th quarter worth $195,758,000. Institutional investors and hedge funds own 85.25% of the company's stock.

Nutanix Trading Up 0.2%

Shares of Nutanix stock opened at $76.99 on Tuesday. The firm has a market capitalization of $20.64 billion, a PE ratio of 156.74, a price-to-earnings-growth ratio of 7.09 and a beta of 0.67. The firm's 50 day moving average is $75.97 and its 200 day moving average is $70.17. Nutanix has a 1 year low of $43.35 and a 1 year high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last posted its earnings results on Wednesday, June 4th. The technology company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. Nutanix had a net margin of 0.97% and a negative return on equity of 21.32%. The firm had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. During the same period in the previous year, the firm posted $0.28 EPS. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, research analysts anticipate that Nutanix will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $92.00 price objective on shares of Nutanix in a report on Thursday, May 29th. Raymond James Financial downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 20th. Wall Street Zen downgraded shares of Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. KeyCorp assumed coverage on shares of Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price objective on the stock. Finally, Susquehanna boosted their price objective on shares of Nutanix from $90.00 to $95.00 and gave the stock a "positive" rating in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.71.

Insider Buying and Selling at Nutanix

In other Nutanix news, CEO Rajiv Ramaswami sold 61,057 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.00, for a total transaction of $4,823,503.00. Following the transaction, the chief executive officer owned 497,309 shares in the company, valued at approximately $39,287,411. This represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Rukmini Sivaraman sold 2,100 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $72.73, for a total transaction of $152,733.00. Following the completion of the sale, the chief financial officer owned 209,070 shares of the company's stock, valued at approximately $15,205,661.10. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,552,549 shares of company stock worth $426,621,281. Corporate insiders own 6.80% of the company's stock.

About Nutanix

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.

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